USD/CHF Runs into Fibonacci Resistance After Test of Two-Year Support
While much of the FX market’s attention is fixated on EUR/USD, perhaps a cleaner but related move has developed in the U.S. Dollar against the Swiss Franc.
While much of the FX market’s attention is fixated on EUR/USD, perhaps a cleaner but related move has developed in the U.S. Dollar against the Swiss Franc.
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
The current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
Our data shows Bitcoin, Ether, and Ripple traders continue to HODL their coins. But this should serve as clear warning sign of further tumbles ahead.
EUR/JPY staged a brisk bullish breakout last week, but has since started to pull back after hitting a fresh high. Will buyers be able to quell the retracement at a prior area of resistance?
The ASX 200 has crumbled as have most other global stock indexes as indecision and interest rate worries grip Wall Street. However, the broader picture still looks constructive.
The New Zealand Dollar turned lower as expected, breaking the rising trend guiding the currency higher against its US counterpart since early December.